According to CNBC, Fossil Group CEO Franco Fogliato said the turnaround was ahead of plan as the company returned to quarterly sales growth. For the quarter ended Oct. 3, net sales rose 0.4% to $271.2 million, and operating income was $25.3 million, compared with an operating loss of $21.7 million a year earlier. Net income was $11.7 million, or 19 cents per share, versus a net loss of $39.9 million, or 76 cents per share. Operating expenses fell 11.1% to $137 million. Fossil raised its full-year net sales outlook to between $980 million and $990 million, compared with its previous expectation of a 3% to 5% decline, and said it expects positive free cash flow by year-end. Fogliato said the company had not previously expected sales growth for another year and a half. Asia net sales increased 15.1%, while traditional watch sales rose 6.4% and smartwatch sales were under $1 million.